Legislation
- Title
- Anne Arundel County – Transfer Tax – Housing Trust Special Revenue Fund
- Sponsored by
- Delegate Bartlett
- Status
- Became law per Maryland Constitution, Chapter 10 of 2021 Special Session
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Authorizing the governing body of Anne Arundel County to increase the rate of the transfer tax imposed on certain written instruments conveying title to property or a leasehold interest in real property, subject to a certain exception; requiring any revenue derived from a higher transfer tax rate to be distributed to a certain special fund; establishing a Housing Trust Special Revenue Fund and requiring that certain revenue attributable to certain transfer and recordation tax rates be paid into the fund; etc.
Committees
- Opposite:
- Budget and Taxation
Committee Testimony
Details
Cross-filed with: SB0566
Bill File Type: Regular
Effective Date(s): July 1, 2021
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
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File Code
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Subjects
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Statutes
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(
4-11-111, 4-11-122, 4-3A-102 )
Last Updated: 12/14/2021 4:57 PM